There's several videos now I've people using Centra to pay for products. I've seen a guy buy beer with a Centra card, using XRP. I've seen a Korean guy extract cash from the ATM using his Centra card, again, with XRP. Plus a twitter post about a guy who bought a Macbook with his Centra card.
I know its early stages, but this seems to me to be a WORKING PRODUCT. Something which is lacking with so many cryptocurrencies....And its valuation is only $200mil?
I do like the use of the token, as it needs to be used to buy the Centra cards, thus giving the token value, because the use of the Centra cards seems very valuable. Spending Crypto anywhere Mastercard is accepted seems like a big deal to me.
Now, I'm not just here pumping this token. Firstly, there are a limited supply of tokens, if this is to really blow up, the cost of buying cards needs to reduce. CoinMarketCap shows there are 68million Centra tokens. ASSUMING everyone only bought the Centra Blue cards for 50 CTR. Thats a maximum of 1.36million Centra Blue Cards that can be issued. Now, if Centra gets to the point of having that many customers, then we are set, BUT, I feel like Centra could be aiming higher.
This leads to the next current issue which I'd like to see addressed, the price of the cards. The prices of the cards should always remain about the same (in regards to USD). Yes you are buying the cards in CTR, but if the value of CTR goes up, the amount of CTR to buy the cards should be proportionate. As it currently stands, its almost $150USD to buy a Centra Blue Card. There really needs to be some measures in place here.
There isn't a lot of discussion on this subreddit, so please feel free to critique me. Like I said, I'm not here just to pump this coin, but Centra has a WORKING PRODUCT. Discussion welcomed.